Ark. Code Ann. § 24-4-610
This is the official text of Ark. Code Ann. § 24-4-610, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Increased benefits for persons retiring by June 1, 1985
Official statutory text
(a) On July 1, 1987, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired June 1, 1985, or before, shall be increased as follows: (1) Those retirants and beneficiaries who retired June 1, 1985, or before, shall receive five percent (5%) of the benefit amount payable June 1, 1986, for each full year from the date of retirement through June 1, 1987, with a maximum increase payable of twenty percent (20%) of the June 1, 1987, retirement benefit; (2) The following schedule shall be used to determine the percent of increase due: Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20% (b) (1) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after the annual postretirement increase based on the consumer price index has been applied. (2) The increase provided in subsection (a) of this section shall be added to the base annuity of the member or beneficiary. Acts 1983, No. 865, § 1; 1985, No. 552, § 1; A.S.A. 1947, § 12-2511.23; Acts 1987, No. 809, § 1.
(a) On July 1, 1987, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired June 1, 1985, or before, shall be increased as follows: (1) Those retirants and beneficiaries who retired June 1, 1985, or before, shall receive five percent (5%) of the benefit amount payable June 1, 1986, for each full year from the date of retirement through June 1, 1987, with a maximum increase payable of twenty percent (20%) of the June 1, 1987, retirement benefit; (2) The following schedule shall be used to determine the percent of increase due: Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
(1) Those retirants and beneficiaries who retired June 1, 1985, or before, shall receive five percent (5%) of the benefit amount payable June 1, 1986, for each full year from the date of retirement through June 1, 1987, with a maximum increase payable of twenty percent (20%) of the June 1, 1987, retirement benefit;
(2) The following schedule shall be used to determine the percent of increase due: Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement
Percent of Increase
7-1-85 and after
0%
7-1-84 through 6-1-85
5%
7-1-83 through 6-1-84
10%
7-1-82 through 6-1-83
11%
7-1-81 through 6-1-82
12%
7-1-80 through 6-1-81
13%
7-1-79 through 6-1-80
14%
7-1-78 through 6-1-79
15%
7-1-77 through 6-1-78
16%
7-1-76 through 6-1-77
17%
7-1-75 through 6-1-76
18%
Before 7-1-75
20%
5 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement
Percent of Increase
7-1-85 and after
0%
7-1-84 through 6-1-85
5%
7-1-83 through 6-1-84
10%
7-1-82 through 6-1-83
11%
7-1-81 through 6-1-82
12%
7-1-80 through 6-1-81
13%
7-1-79 through 6-1-80
14%
7-1-78 through 6-1-79
15%
7-1-77 through 6-1-78
16%
7-1-76 through 6-1-77
17%
7-1-75 through 6-1-76
18%
Before 7-1-75
20%
(b) (1) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after the annual postretirement increase based on the consumer price index has been applied. (2) The increase provided in subsection (a) of this section shall be added to the base annuity of the member or beneficiary.
(1) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after the annual postretirement increase based on the consumer price index has been applied.
(2) The increase provided in subsection (a) of this section shall be added to the base annuity of the member or beneficiary.
Acts 1983, No. 865, § 1; 1985, No. 552, § 1; A.S.A. 1947, § 12-2511.23; Acts 1987, No. 809, § 1.
(a) On July 1, 1987, the monthly retirement benefit payable to retirants and beneficiaries of the Arkansas Public Employees' Retirement System who retired June 1, 1985, or before, shall be increased as follows: (1) Those retirants and beneficiaries who retired June 1, 1985, or before, shall receive five percent (5%) of the benefit amount payable June 1, 1986, for each full year from the date of retirement through June 1, 1987, with a maximum increase payable of twenty percent (20%) of the June 1, 1987, retirement benefit; (2) The following schedule shall be used to determine the percent of increase due: Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
(1) Those retirants and beneficiaries who retired June 1, 1985, or before, shall receive five percent (5%) of the benefit amount payable June 1, 1986, for each full year from the date of retirement through June 1, 1987, with a maximum increase payable of twenty percent (20%) of the June 1, 1987, retirement benefit;
(2) The following schedule shall be used to determine the percent of increase due: Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement Percent of Increase 7-1-85 and after 0% 7-1-84 through 6-1-85 5% 7-1-83 through 6-1-84 10% 7-1-82 through 6-1-83 11% 7-1-81 through 6-1-82 12% 7-1-80 through 6-1-81 13% 7-1-79 through 6-1-80 14% 7-1-78 through 6-1-79 15% 7-1-77 through 6-1-78 16% 7-1-76 through 6-1-77 17% 7-1-75 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement
Percent of Increase
7-1-85 and after
0%
7-1-84 through 6-1-85
5%
7-1-83 through 6-1-84
10%
7-1-82 through 6-1-83
11%
7-1-81 through 6-1-82
12%
7-1-80 through 6-1-81
13%
7-1-79 through 6-1-80
14%
7-1-78 through 6-1-79
15%
7-1-77 through 6-1-78
16%
7-1-76 through 6-1-77
17%
7-1-75 through 6-1-76
18%
Before 7-1-75
20%
5 through 6-1-76 18% Before 7-1-75 20%
Date of Retirement
Percent of Increase
7-1-85 and after
0%
7-1-84 through 6-1-85
5%
7-1-83 through 6-1-84
10%
7-1-82 through 6-1-83
11%
7-1-81 through 6-1-82
12%
7-1-80 through 6-1-81
13%
7-1-79 through 6-1-80
14%
7-1-78 through 6-1-79
15%
7-1-77 through 6-1-78
16%
7-1-76 through 6-1-77
17%
7-1-75 through 6-1-76
18%
Before 7-1-75
20%
(b) (1) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after the annual postretirement increase based on the consumer price index has been applied. (2) The increase provided in subsection (a) of this section shall be added to the base annuity of the member or beneficiary.
(1) The increase in benefits provided in subsection (a) of this section shall be added to the monthly benefit after the annual postretirement increase based on the consumer price index has been applied.
(2) The increase provided in subsection (a) of this section shall be added to the base annuity of the member or beneficiary.
Acts 1983, No. 865, § 1; 1985, No. 552, § 1; A.S.A. 1947, § 12-2511.23; Acts 1987, No. 809, § 1.
Status: in_force
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